FII Derivative Data Analysis for March Expiry

2. As Nifty Futures was down by 54 points and OI has increased by 70131 contracts means institutions have created fresh shorts in NF as net OI has risen with fall in price.

3.Niftyfor the 3 day was unable to move above 50 SMA@5302. Again saving grace comes that Bulls are protecting 200 SMA@5151 Till Nifty is trading above this level bulls still have a chance for Pullback.

4. Nifty has formed double bottom on Daily charts by making low of 5171 today.Double bottom are bullish pattern if low of 5171 is not broken for next 2 days.

5. Nifty March OI has decreased by 13 lakh .Total OI stands at 1.76 cores contracts. Short covering was seen in NF.

6. Roll Over have started with April NF adding 28 lakhs in OI basically meaning shorts are getting rollovered from March to April. April NF OI is 1.65 cores . 28 lakh fresh shorts were added in April Series . Yesterday we told to keep an eye of 5225 on April NF today low was 5221.

7. Almost 1 core NF got rolloverd in range of 5221-5370 range and we are assuming mostly these are shorts so accept a good move on break of 5221 on downside and 5370 on upside.

8.Total F&O turnover was 1.89 Lakh Cores with total contract traded at 398323. Equity volumes have been reducing every time nifty reached the 5171 levels which suggests selling intensity is slowing and case for a bounce back can be made.

12. FII Average traded price in futures comes at 5448 which basically means they did lot of day trading today also they have carried shorts for tomorrow. Are we breaking the 5171 range will be see closely. We need to save 5159(Feb Low).5151 (200 SMA) tomorrow. Looking at Options set up expiry looks to happen at low of series if 5171 gets broken tomorrow.

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